BASE METAL WRAP:
Copper headed for a second weekly advance on concern that supplies from global mines will trail forecasts and amid speculation demand may increase in China, the biggest user of industrial metals.
ENERGY WRAP:
West Texas Intermediate headed for a second weekly advance amid shrinking stockpiles at the U.S. oil storage hub in Cushing, Oklahoma, and concern the crisis in Ukraine threatens supplies from Russia.
PRECIOUS METAL WRAP:
Gold trimmed a second weekly loss as investors weighed speculation a drop below $1,300 an ounce will spur demand against signs of a U.S. recovery, which may add to the case for tapering. Platinum and palladium advanced.
GLOBAL EVENTS TO WATCH:
Current Account, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
Copper headed for a second weekly advance on concern that supplies from global mines will trail forecasts and amid speculation demand may increase in China, the biggest user of industrial metals.
ENERGY WRAP:
West Texas Intermediate headed for a second weekly advance amid shrinking stockpiles at the U.S. oil storage hub in Cushing, Oklahoma, and concern the crisis in Ukraine threatens supplies from Russia.
PRECIOUS METAL WRAP:
Gold trimmed a second weekly loss as investors weighed speculation a drop below $1,300 an ounce will spur demand against signs of a U.S. recovery, which may add to the case for tapering. Platinum and palladium advanced.
GLOBAL EVENTS TO WATCH:
Current Account, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
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